Swap will be announced later. Ratio 1 by 6
Since IronGeekChain we haven't had our White Paper release yet (only Yellow Paper, in purpose to explain what is going on temporary) , so next month we are going to release our White Paper, stay tuned!
Hi EagleHolders, good news for all of us!, EAGLE (ERC20) now available at CoinChangeX (Zero trading fee decentralized exchange) , now you can do trade without fee
EagleHolders, we are developing web wallet which has single button to claim BENZ, will be released next month for testing.
Eagle And IronGeekChain Most Unique Super Fast Blockchain Has Arrived -
https://www.coindiary.net/eagle-and-irongeekchain-most-unique-super-fast-blockchain-has-arrived/
Expecting very good news from developers very soon.
IronGeekChain and our new coin will have the following features:
- Support multiple type of digital asset
- Smart contract which support decentralized application.
- Consensus mechanism
- Quantum resistant
- Cold staking.
- Desktop, mobile, and web wallets.
The benefits for EAGLE holders are including:
- EAGLE holders can do cold staking and receive BENZ.
- EAGLE will become the main currency used for buying token when an ICO is conducted in Eagle ecosystem.
- EAGLE will also become the main currency to be paired with other coins when the decentralized exchange is built in Eagle ecosystem.
- EAGLE holders can receive airdrop when a token is issued in Eagle ecosystem.
Our priority for today - Master Node. you will be surprised...
For clarification of holders -
Eagle will migrate from ERC20 token to independent blockchain, called IronGeekChain. The blockchain is secured by representative nodes which are the representation of all Eagle holders.
To validate the transaction, IronGeekChain use a consensus mechanism called dBFT (delegated Byzantine Fault Tolerant). A transaction will be valid is it is confirmed by 2/3 of the representative nodes. To generate a block, the consensus mechanism will take 15 – 20 seconds.
EAGLE represent the managing power of the blockchain. Total amount of EAGLE is 72 million with 2 decimals. Since the Eagle project focuses on payment system and common fiat moneys use cent terminology, EAGLE uses two decimals after comma for convenient. The total amount of Eagle is the same as the maximum total supply of the old EagleCoin, which is 12 million plus 60 million of previous EaglePay Token planned (in the previous EagleCoin whitepaper). All EAGLE are pre-mined and the EagleCoin (old Eagle) holder will receive new EAGLE in 1 : 6 swap, means 1 old EagleCoin will get 6 new EAGLE.
BENZ (Benzin) is created for powering the IronGeekChain. BENZ can be acquired by staking EAGLE. The EAGLE holder just need to hold their EAGLE in its wallet and will get BENZ without need to turning on the network, therefore, it is called cold staking. Maximum total supply of BENZ is 144 million with 2 decimals which will be reached in 10 years. The BENZ generated for the first year is 64 million BENZ, then 32 million, 16 million, 8 million, and 4 million BENZ per year until reach maximum total supply. There is no pre-mined BENZ at the beginning.
Waiting information from devs. Stay tuned , we will announce soon. hard work is in progress...
Dear EagleHolders, block explorer for test net will be availabile within max next 24 hours, we will distribute new Desktop Wallet with Explorer Integration.
Master Node feature is in testing phase, we will release it when it is stable
Our vision is to make Eagle system a new generation of payment system that is accessible to a wide range of users, is easy to use, has a low fee, and complies with the regulatory regimes all jurisdictions. The key of regulation compliance is the use of fiat money for all goods purchasing in the Eagle system. If someone want to buy something using crypto currency, he/ she should convert the currency to fiat money token issued by trusted party.
Dear EagleHodlers! We have released IronGeekChain BlockXplorer for the testnet
http://eaglepay.io/xplorer/#mainnet , happy Xploring!
Just wait, we are going to announce EagleCoin new name today, stay tuned!
Hi EagleHodlers, many of you asking about Master Node, until now we can say we are going to have Master Node that will make Eagle fully decentralized, we will use "Iron dBFT" algo: A consensus algorithm that determines 20% total nodes fault tolerate in the network, which is extremely safe and secure. Right now It's in development stage, Stay tuned for further announcement.
Dear EagleHolders!, at last after waiting, we are happy to announce our new name: EagleX with its blockchain: IronGeekChain
As you can see Eagle project is moving forward. We are working hard to show you the best results. Stay with us. Stay EAGLE
try to use our block explorer
http://eaglepay.io/xplorer/#mainnet
Dear EagleHodlers, we have released the updated EagleGui with block explorer integrated:
https://github.com/elangindonesia/EagleTestNetDesktop/releases/tag/v.1.1.1.2 | To see block explorer, go to transaction history tab, then click any on the list.
Dear EagleHolders, we are working on the New Website and Eagle Block Xplorer UI (just UI no rework), to reflect the EagleX project information, should be finished this month, stay tuned!
Hi EagleHodlers, we have released article in Medium:
https://medium.com/@eaglecryptocoin/latest-updates-of-eaglex-having-its-own-blockchain-called-irongeekchain-21a9ad441f14 , happy reading!
Dear EagleHodlers, EAGLE/BTC pair has been delisted in Stocks.Exchange since it has low volume, but we still have EAGLE/ETH pair in stocks.exchange and going to keep it for purpose, since we are going to move to EagleX soon this is not a problem at all. We still have EAGLE/BTC in Mercatox in case you want to do trade. Thank you for your understanding.
Hi EagleHodlers, one of our Japanese friend created Japanese version of EagleX article on Medium:
https://medium.com/eaglex-japan/20180607-bb7ec6dc36e2 , happy reading! | He also has EagleX twitter account (not official) that we can follow:
https://twitter.com/EagleXJapan
IronGeekChain use a consensus mechanism called Iron dBFT (Iron delegated Byzantine Fault Tolerant). A transaction need to be validated by 80% of all active master nodes. If some representative nodes sending cheat or false transaction, as long as the false ones are less than 80% all active master nodes, the transaction will be rejected. Valid transaction will be recorded in a block which need 15 – 25 seconds to generate a block in IronGeekChain. A thousand transaction can be validated in a second.
In the atomic swap decentralized exchange, cryptocurrencies from different blockchains can be paired, therefore users can use many kind of cryptocurrencies for payment or easily convert them to any suitable fiat money and use it for payment.
IronGeekChain has Eagle Smart Contract System, which supports multiple programming languages. Smart contract developer can use their convenient language including C#, Java, and Python.
Guys we need to underline something - IronGeekChain is a platform
Hi EagleHodlers!, Remember EagleX is not just a coin, It's a Platform: IronGeekChain.
Hi EagleHodlers!, We are proud to announce that we have finished IronGeek Master Node development phase, we are going to get into the staging phase through the EagleX TestNet deployment this week, as soon we have finished deploying it, we will do open TestNet public account for eligible users. How much BENZ need to be paid and tutorial how to setup the IronGeek Master Node and also Coinmarketcal event date will be announced later on. What we should know about Iron dBFT algorithm? Iron dBFT is an alogorithm consensus mechanism to determine whether a transaction valid or invalid using final decision 20% Fault tolerant, it means a transaction Must be validated at minimum rate 80% of total active online nodes, what Iron dBFT offer and different compare to other dBFT is: Iron dBFT can determine how much active total online nodes Dynamically, and collaborate all the participant online nodes Automatically in order to achieve the consensus. Iron dBFT is totally open to public and fully Decentralized.
We Will announce the perquisite to run Iron Master Node, just stay tuned.
Happy World Cup, Eagle HODLers!
Hi EagleHodlers, for those who are wondering where we put the source code, the answer is: We have Private source code repository, and will release it to the public as soon we go alive with EagleX
Dear Eagle holders, very soon our IronGeekChain platfrom will be alive. Stay with us!
Next week we are expecting great news about our platform and future plane how to be in TOP.
EagleCoin in the first step of EagleX project which is previously an ERC20 Ethereum token that functions as a digital asset. To achieve the goal of the project to be the next generation of payment system, EagleCoin will be transform from an ERC20 token to EagleX that has its own blockchain with great features, called IronGeekChain.
“X” letter in EagleX means eXpand, representing the expanded vision and targets of Eagle project.
Dear EagleHodlers, today we are giving you info how much BENZ do you need to pay (not holding) in order to run IronGeek Node (Master Node), the amount of BENZ (Benzin) that you need to pay is 50K (50000) BENZ, The reward is 0.01 BENZ for each transaction which been validated by the Node itself. This decision is final as being discussed by Eagle Core Developer team. Other than Decentralization, our major concern is to avoid network abuse. We will announce the guide document how to setup Iron Geek Node in your server. At the moment we are deploying the new IronGeek Node into the server which replacing the old Node, your registered TestNet account balance will be reset, and we will announce new account open registration for the IronGeek Node soon.
Dear Eagle holders, we are ready to answer your questions!
Benz is created for powering the IronGeekChain; all transaction, voting and smart contract deployment fee will be charged in BENZ. Benz can be acquired by staking EagleX. The EagleX holder just need to hold their EagleX in its wallet and will get Benz without need to turning on the network, therefore, it is called cold staking. Maximum total supply of BENZ is 144 million with 2 decimals which will be reached in 10 years. The Benz generated for the first year is 64 million Benz, then 32 million, 16 million, 8 million, and 4 million Benz per year until reach maximum total supply. There is no pre-mined Benz at the beginning.
For your information the Benz that you paid actually will be paid to the system and distributed again to EagleX holders. In the future the cost will be cheaper.
Hi EagleHodlers! IronGeekChain test network with Master Node will be updated in 5th July 2018, we will open Testnet registration for master node after that (distributing 2500 dummy BENZ for testing to users), Let's bring an earthquake to the crypto world!
Iron Delegated Byzantine fault-tolerant (Iron dBFT) consensus engine which is robust against double-spend attacks and is tolerant against a set of up to 4/5 (20%) Byzantine actors in the network
Dear EagleHodlers, We are very proud to announce a great news to all of us, we have made a quantum leap in Iron dBFT algorithm so that we now can lowering the cost in order to become IronGeek Node (Master Node). The cost that user needs to pay is 2500 BENZ , once it has been paid the fee will be redistributed to the all EagleX holders, the Node will be activated life time. Now everyone can run IronGeek Node.
F.A.Q :
1. What is the purpose of IronGeek Node?
Answer : 1. Securing the network by validating the transactions
2. Does IronGeek Node generate Block?
Answer: Yes
3. How does IronGeek Node validating a transaction?
Answer: By signing a valid transaction
4. Will IronGeek node get fee from transaction ?
Answer: Yes, 0.01 BENZ for each transaction
5. Does EagleX team running IronGeek Node?
Answer Yes: We will run IronGeek Node called Prime Nodes
6. Other than Prime Nodes, what are they?
Answer: We call it Participant Nodes
7. Does Participant Node validate a transaction?
Answer: Yes
8. Does Participant will earn fee?
Answer: Yes: 0.01 BENZ for each transaction
9. Does Participant will generate block ?
Answer: Yes
Hi EagleHodlers! Our new EagleX website and whitepaper which reflecting to the EagleX, BENZ and IronGeekChain will be launched in 7th July 2018
- 5th July 2018: IronGeekChain TestNet with Master Node release. We will open Testnet registration for master node(distributing 2500 dummy BENZ for testing to users)
- 7th July 2018: EagleX website and whitepaper release which reflecting to the EagleX, BENZ and IronGeekChain.
Iron Delegated Byzantine fault-tolerant (Iron dBFT) is a consensus engine which is robust against double-spend attacks and is tolerant against a set of up to 4/5 (20%) Byzantine actors in the network
[moderator's note: consecutive posts merged]
